Platte County vs. Wyoming
Comparative Trends Analysis:
Average Earnings Per Job Growth and Change, 1969-2022
Introduction
Platte County vs. Wyoming
Platte County:
2022 Avg. Earnings = $52,791
2022 Percent of State = 92.59%
Wyoming:
2022 Avg. Earnings = $57,017
The United States economy has generated an impressive number of jobs since the 1970s. The contrast between the nation's vigorous employment growth and the modest performance of other major industrial countries is striking. Despite this rosy track record, the real (inflation adjusted) wages and salaries of many workers have stagnated or slipped in recent years. This development has provoked concerns about the quality of new jobs. Structural shifts in the composition of employment--from high-wage goods-producing to low-wage services-related sectors--is the culprit most often cited for the deteriorating quality of jobs.
Regions vary greatly in the make-up of their labor force, in their industry composition of employment, and their economic experience. Reviewing and examining recent developments in average earnings per job in Platte County with comparisons to Wyoming and the nation is an important first step in understanding the economic forces at play in Platte County.
Discussion: Average Annual Earnings Per Job are computed by dividing BEA total industry earnings estimates by the BEA total full- and part-time jobs estimates. No convenient or adequate means exist at the county or regional level for converting the job estimates to a full-time equivalent measure. So, interpret the average earnings per job estimates with caution in consideration of the following issues:
Average earnings per job within industries involving more part-time work is lower than industries involving more full-time work, although there could be little difference in the underlying wage of full-time workers. Such differences could also prevail between counties and regions. An increase in the proportion of part-time jobs over time may erode average earnings per job estimates, although full-time earnings per worker may have remained unchanged.
As with per capita income, average earnings per job may be subject to extreme short-run variation, especially in smaller counties. Major construction projects relating to building dams, nuclear power plants, and private plant construction projects have caused extreme fluctuations in many smaller counties. Such changes typify both small and large agriculture-dependent counties owing to the extreme annual variations in farm incomes. Also, Since average earnings per job are just a simple average, it does not account for variations in the distribution of earnings among high- vs. low-wage jobs.
Platte County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Platte County Average Earnings Per Job, 1970-2022
Current vs. Constant Dollars
Figure 1.
Figure 1 depicts Platte County's annual average earnings per job over 1970-2022 in current and constant (2017) dollars. Constant dollar measurements remove the effects of inflation. They allow for comparison of changes in the real purchasing power of Platte County over time.
When measured in current dollars, Platte County's average earnings per job increased 796.57%, from $5,888 in 1970 to $52,791 in 2022. When measured in constant 2017 dollars to adjust for inflation, it advanced 52.72%, from $29,789 in 1970 to $45,492 in 2022.
Real Average Earnings Per Job, 1969-2022
Real Average Earnings Per Job, 1969-2022
Figure 2.
Figure 2 traces Platte County's and Wyoming's annual real average earnings per job for the period 1969-2022 to illustrate real average earnings per job patterns over time. During this 54-year period, Platte County's real average earnings per job rose from $29,260 in 1969 to $45,492 in 2022, for a net gain of $16,232, or 55.48%. In comparison, Wyoming's real average earnings per job increased from $32,879 in 1969 to $49,134 in 2022, for a net gain of $16,255, or 49.44%.
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Real Average Earnings Per Job Indices (1969=100): 1969-2022
Figure 3.
Figure 3 portrays Platte County's real average earnings per job growth in a broader context by offering direct comparisons across time with Wyoming, the United States. The growth indices shown here express each region's real average earnings per job in 1969 as a base figure of 100, and the real average earnings per jobs in later years as a percentage of the 1969 base figure. This method allows for more direct comparison of differences in real average earnings per job growth between regions that may differ vastly in size.
Platte County's overall real average earnings per job growth was 55.48% over 1969-2022 outpaced Wyoming's increase of 49.44%, and fell below the United States' increase of 62.26%.
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Average Earnings Per Job as a Percent of the U.S. Average: 1969-2022
Figure 4.
Figure 4 depicts the trends for average earnings per job relative to the national average by tracing Platte County and Wyoming average earnings per job as a percent of the national average over 1969-2022.
In 1969, Platte County's average earnings per job amounted to 76.96% of the national average; in 2022, it approximated 73.74%. Similarly, in 1969, Wyoming's average earnings per job totaled 86.48% of the national average; in 2022, it consisted of 79.65%.
Platte County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Platte County Real Average Earnings Per Job:
Annual Percent Change, 1970-2022
Figure 5.
Figure 5 shows the short-run pattern of Platte County's real average earnings per job growth by tracking the year-to-year percent change over 1970-2022. The average annual percent change for the entire 53-year period is also illustrated on this chart to provide a benchmark for gauging periods of relative high--and relative low--growth against the backdrop of the long-term average.
On average, Platte County's real average earnings per job grew at an annual rate of 1.11% over 1970-2022. The county recorded its highest growth in 1986 (21.98%) and recorded its lowest growth in 1981 (-17.77%). In 2022, Platte County's real average earnings per job declined by -3.62%
Platte County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Platte County Real Average Earnings Per Job:
Annual Percent Change and Decade Averages Over 1970-2022
Figure 6.
Over the past five decades some counties have experienced extreme swings in growth, and often such swings have tended to coincide with the decades themselves. Figure 6 again shows the annual percent change in Platte County's real average earnings per job since 1970, but this time they are overlayed with average growth rates for the decade of the 1970s, 1980s, 1990s, 2000s, 2010s, and 2020-2022.
During the 1970s, Platte County's annual real average earnings per job growth rate averaged 3.92%. It averaged -1.75% throughout the 1980s, 1.73% throughout the 1990s, 1.11% throughout the 2000s, 1.65% in the 2010s, -2.51% thus far this decade (2020-2022).
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Real Average Earnings Per Job Growth:
Average Annual Percent Change by Decade
Figure 7.
Figure 7 compares the decade average growth rates for Platte County noted in the previous graph with the corresponding decade averages for Wyoming and the nation. As the chart reveals, Platte County's average annual real average earnings per job growth registered above Wyoming's average throughout the 1970s (3.92% vs. 2.72%), trailed Wyoming's average during the 1980s (-1.75% vs. -1.65%), surpassed Wyoming's average during the 1990s (1.73% vs. 1.10%), recorded under Wyoming's average during the 2000s (1.11% vs. 2.35%), exceeded Wyoming's average in the 2010s (1.65% vs. 0.59%), and recorded above Wyoming's average over the 3 year period of the current decade, 2020-2022 (-2.51% vs. -2.82%).
Finally, relative to nationwide real average earnings per job growth trends, Platte County topped the nation in the 1970s (3.92% vs. 0.89%), trailed the nation throughout the 1980s (-1.75% vs. 0.71%), recorded above the nation during the 1990s (1.73% vs. 1.68%), registered above the nation over the 2000s (1.11% vs. 0.72%), surpassed the nation in the 2010s (1.65% vs. 1.01%), and recorded underneath the nation over 2020-2022 (-2.51% vs. -0.24%).
   
 
Real* Average Earnings Per Job Growth:
Average Annual Percent Change
 
 
 
1.11
3.92
-1.75
1.73
1.11
1.65
-2.51
-3.62
 
0.80
2.72
-1.65
1.10
2.35
0.59
-2.82
-5.16
 
0.93
0.89
0.71
1.68
0.72
1.01
-0.24
-4.51
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Platte County:
Average Earnings Per Job, 1969-2022
 
1969
 
5,525
0.189
29,260
100.0
N
88.99
76.96
1970
 
5,888
0.198
29,789
101.8
1.81
87.70
77.51
1971
 
6,131
0.206
29,757
101.7
-0.11
85.59
75.67
1972
 
6,535
0.213
30,669
104.8
3.07
83.30
75.19
1973
 
8,029
0.225
35,756
122.2
16.58
91.73
86.00
1974
 
7,867
0.248
31,730
108.4
-11.26
81.00
79.24
1975
 
7,663
0.269
28,530
97.5
-10.09
73.09
71.53
1976
 
8,482
0.283
29,937
102.3
4.93
76.64
73.44
1977
 
9,317
0.302
30,874
105.5
3.13
76.62
75.06
1978
 
11,766
0.323
36,455
124.6
18.08
86.56
87.43
1979
 
14,479
0.351
41,200
140.8
13.02
96.04
99.39
1980
 
15,385
0.389
39,522
135.1
-4.07
92.83
98.27
1981
 
13,785
0.424
32,500
111.1
-17.77
76.77
80.77
1982
 
14,111
0.448
31,518
107.7
-3.02
76.76
78.44
1983
 
13,020
0.467
27,894
95.3
-11.50
71.18
68.82
1984
 
13,300
0.484
27,456
93.8
-1.57
70.49
65.90
1985
 
13,548
0.501
27,026
92.4
-1.57
68.99
64.12
1986
 
16,884
0.512
32,965
112.7
21.98
83.71
76.48
1987
 
17,008
0.528
32,210
110.1
-2.29
87.73
73.54
1988
 
17,069
0.549
31,111
106.3
-3.41
88.18
69.93
1989
 
18,837
0.573
32,896
112.4
5.74
90.90
73.99
1990
 
21,040
0.598
35,198
120.3
7.00
95.69
79.10
1991
 
21,632
0.618
35,018
119.7
-0.51
96.54
78.56
1992
 
22,918
0.634
36,137
123.5
3.20
97.94
78.01
1993
 
23,089
0.650
35,522
121.4
-1.70
94.47
76.71
1994
 
22,793
0.664
34,350
117.4
-3.30
94.27
73.74
1995
 
21,841
0.678
32,235
110.2
-6.16
89.13
69.11
1996
 
21,209
0.692
30,647
104.7
-4.93
84.60
64.64
1997
 
24,892
0.704
35,354
120.8
15.36
93.39
72.75
1998
 
24,315
0.710
34,262
117.1
-3.09
88.40
67.52
1999
 
27,490
0.720
38,180
130.5
11.43
94.78
72.82
2000
 
27,985
0.738
37,908
129.6
-0.71
93.05
70.13
2001
 
29,103
0.753
38,648
132.1
1.95
91.28
70.17
2002
 
28,788
0.763
37,734
129.0
-2.37
87.54
67.89
2003
 
30,873
0.779
39,635
135.5
5.04
90.09
70.72
2004
 
33,415
0.798
41,859
143.1
5.61
95.17
73.51
2005
 
33,777
0.821
41,128
140.6
-1.75
91.98
72.41
2006
 
32,993
0.844
39,073
133.5
-5.00
81.21
68.11
2007
 
33,492
0.866
38,671
132.2
-1.03
79.70
67.82
2008
 
37,598
0.892
42,164
144.1
9.03
82.45
74.75
2009
 
37,599
0.889
42,283
144.5
0.28
83.47
75.14
2010
 
41,115
0.905
45,424
155.2
7.43
86.39
78.78
2011
 
45,471
0.928
48,996
167.5
7.86
91.14
84.78
2012
 
42,617
0.945
45,081
154.1
-7.99
83.73
77.40
2013
 
45,645
0.958
47,655
162.9
5.71
87.80
81.75
2014
 
49,030
0.971
50,484
172.5
5.94
90.89
86.03
2015
 
49,752
0.973
51,133
174.8
1.29
92.65
85.77
2016
 
46,786
0.983
47,603
162.7
-6.90
91.46
80.00
2017
 
47,394
1.000
47,394
162.0
-0.44
90.26
78.56
2018
 
49,466
1.020
48,473
165.7
2.28
90.54
79.65
2019
 
50,855
1.035
49,129
167.9
1.35
91.71
78.94
2020
 
49,163
1.046
46,985
160.6
-4.36
87.99
72.97
2021
 
51,448
1.090
47,199
161.3
0.46
91.11
73.06
2022
 
52,791
1.160
45,492
155.5
-3.62
92.59
73.74
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
Wyoming:
Average Earnings Per Job, 1969-2022
 
1969
 
6,209
0.189
32,879
100.0
N
86.48
1970
 
6,714
0.198
33,965
103.3
3.30
88.38
1971
 
7,164
0.206
34,769
105.7
2.37
88.41
1972
 
7,845
0.213
36,817
112.0
5.89
90.27
1973
 
8,753
0.225
38,981
118.6
5.88
93.75
1974
 
9,713
0.248
39,175
119.1
0.50
97.83
1975
 
10,485
0.269
39,034
118.7
-0.36
97.87
1976
 
11,067
0.283
39,060
118.8
0.07
95.83
1977
 
12,160
0.302
40,297
122.6
3.17
97.97
1978
 
13,593
0.323
42,115
128.1
4.51
101.01
1979
 
15,075
0.351
42,897
130.5
1.86
103.48
1980
 
16,573
0.389
42,573
129.5
-0.76
105.85
1981
 
17,955
0.424
42,332
128.8
-0.56
105.21
1982
 
18,383
0.448
41,060
124.9
-3.00
102.19
1983
 
18,290
0.467
39,186
119.2
-4.57
96.67
1984
 
18,868
0.484
38,953
118.5
-0.59
93.50
1985
 
19,638
0.501
39,176
119.2
0.57
92.94
1986
 
20,170
0.512
39,381
119.8
0.52
91.36
1987
 
19,387
0.528
36,716
111.7
-6.77
83.83
1988
 
19,358
0.549
35,283
107.3
-3.90
79.31
1989
 
20,723
0.573
36,190
110.1
2.57
81.40
1990
 
21,988
0.598
36,784
111.9
1.64
82.66
1991
 
22,406
0.618
36,271
110.3
-1.39
81.37
1992
 
23,400
0.634
36,896
112.2
1.72
79.65
1993
 
24,441
0.650
37,602
114.4
1.91
81.20
1994
 
24,178
0.664
36,436
110.8
-3.10
78.22
1995
 
24,505
0.678
36,168
110.0
-0.74
77.54
1996
 
25,070
0.692
36,227
110.2
0.16
76.41
1997
 
26,654
0.704
37,857
115.1
4.50
77.89
1998
 
27,507
0.710
38,760
117.9
2.39
76.39
1999
 
29,002
0.720
40,281
122.5
3.92
76.82
2000
 
30,074
0.738
40,739
123.9
1.14
75.37
2001
 
31,884
0.753
42,341
128.8
3.93
76.87
2002
 
32,884
0.763
43,103
131.1
1.80
77.55
2003
 
34,270
0.779
43,996
133.8
2.07
78.50
2004
 
35,110
0.798
43,982
133.8
-0.03
77.24
2005
 
36,721
0.821
44,713
136.0
1.66
78.72
2006
 
40,626
0.844
48,112
146.3
7.60
83.87
2007
 
42,024
0.866
48,522
147.6
0.85
85.10
2008
 
45,603
0.892
51,141
155.5
5.40
90.67
2009
 
45,046
0.889
50,659
154.1
-0.94
90.02
2010
 
47,590
0.905
52,577
159.9
3.79
91.18
2011
 
49,889
0.928
53,758
163.5
2.24
93.02
2012
 
50,899
0.945
53,842
163.8
0.16
92.44
2013
 
51,988
0.958
54,278
165.1
0.81
93.11
2014
 
53,943
0.971
55,542
168.9
2.33
94.65
2015
 
53,699
0.973
55,189
167.9
-0.64
92.58
2016
 
51,154
0.983
52,047
158.3
-5.69
87.47
2017
 
52,510
1.000
52,510
159.7
0.89
87.04
2018
 
54,635
1.020
53,539
162.8
1.96
87.98
2019
 
55,452
1.035
53,570
162.9
0.06
86.08
2020
 
55,871
1.046
53,396
162.4
-0.32
82.92
2021
 
56,469
1.090
51,806
157.6
-2.98
80.19
2022
 
57,017
1.160
49,134
149.4
-5.16
79.65
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PSN
 
   

Interactive TableTip: To augment your analysis click on the column headers in the following table to rank and/or sort the data.

   
 
United States:
Average Earnings Per Job, 1969-2022
 
1969
 
7,179
0.189
38,018
100.0
N
1970
 
7,596
0.198
38,430
101.1
1.08
1971
 
8,103
0.206
39,326
103.4
2.33
1972
 
8,691
0.213
40,786
107.3
3.71
1973
 
9,336
0.225
41,579
109.4
1.94
1974
 
9,928
0.248
40,044
105.3
-3.69
1975
 
10,713
0.269
39,883
104.9
-0.40
1976
 
11,549
0.283
40,761
107.2
2.20
1977
 
12,412
0.302
41,131
108.2
0.91
1978
 
13,457
0.323
41,694
109.7
1.37
1979
 
14,568
0.351
41,454
109.0
-0.58
1980
 
15,657
0.389
40,220
105.8
-2.98
1981
 
17,066
0.424
40,237
105.8
0.04
1982
 
17,989
0.448
40,181
105.7
-0.14
1983
 
18,920
0.467
40,535
106.6
0.88
1984
 
20,181
0.484
41,663
109.6
2.78
1985
 
21,130
0.501
42,152
110.9
1.17
1986
 
22,078
0.512
43,104
113.4
2.26
1987
 
23,126
0.528
43,799
115.2
1.61
1988
 
24,408
0.549
44,487
117.0
1.57
1989
 
25,460
0.573
44,462
117.0
-0.05
1990
 
26,599
0.598
44,498
117.0
0.08
1991
 
27,537
0.618
44,577
117.3
0.18
1992
 
29,378
0.634
46,323
121.8
3.92
1993
 
30,101
0.650
46,309
121.8
-0.03
1994
 
30,909
0.664
46,580
122.5
0.59
1995
 
31,605
0.678
46,646
122.7
0.14
1996
 
32,810
0.692
47,411
124.7
1.64
1997
 
34,218
0.704
48,600
127.8
2.51
1998
 
36,011
0.710
50,743
133.5
4.41
1999
 
37,751
0.720
52,432
137.9
3.33
2000
 
39,903
0.738
54,053
142.2
3.09
2001
 
41,477
0.753
55,080
144.9
1.90
2002
 
42,406
0.763
55,584
146.2
0.92
2003
 
43,655
0.779
56,045
147.4
0.83
2004
 
45,456
0.798
56,943
149.8
1.60
2005
 
46,648
0.821
56,800
149.4
-0.25
2006
 
48,442
0.844
57,368
150.9
1.00
2007
 
49,382
0.866
57,019
150.0
-0.61
2008
 
50,298
0.892
56,407
148.4
-1.07
2009
 
50,041
0.889
56,276
148.0
-0.23
2010
 
52,191
0.905
57,661
151.7
2.46
2011
 
53,633
0.928
57,792
152.0
0.23
2012
 
55,061
0.945
58,245
153.2
0.78
2013
 
55,837
0.958
58,296
153.3
0.09
2014
 
56,990
0.971
58,680
154.3
0.66
2015
 
58,005
0.973
59,615
156.8
1.59
2016
 
58,480
0.983
59,501
156.5
-0.19
2017
 
60,329
1.000
60,329
158.7
1.39
2018
 
62,102
1.020
60,856
160.1
0.87
2019
 
64,419
1.035
62,233
163.7
2.26
2020
 
67,378
1.046
64,393
169.4
3.47
2021
 
70,421
1.090
64,606
169.9
0.33
2022
 
71,586
1.160
61,690
162.3
-4.51
Source: Calculations by the Wyoming Regional Economic Analysis Project (WY-REAP)
with data provided by the U.S. Department of Commerce, Bureau of Economic Analysis
November 2023
REAP_PI_CA1400_1400_PN
 
   
Copyright © 2023. Pacific Northwest Regional Economic Analysis Project (PNREAP). All Rights Reserved.

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To offer the most comprehensive set of interactive options in support of your research, WY-REAP calculates and crunches most of the data and generates the narrative and graphic analysis on demand in response to your request.
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